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Retail assortment planning software enables offline retailers to design an in-store merchandise mix (variety of products) and depth (number of SKUs or items within each category) that aligns with customer expectations and demand. By ensuring the right assortment is available at the right store, it maximizes sales potential. This software gathers and analyzes data on customer preferences, past purchase behavior, and reactions to discounts and promotions, aiding in the optimal stocking of inventory for each store. Additionally, retail assortment planning software can be integrated with retail POS and inventory control systems to capture and analyze store-level data such as sales figures, customer information, and inventory levels. These insights are essential for effective assortment planning at each store. The software also helps manage inventory by reducing out-of-stocks, preventing stock-outs, and identifying bestsellers, thus supporting better inventory planning and purchasing decisions.
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Syte
syte.ai
Syte is a product discovery platform specifically engineered for eCommerce applications. It utilises visual AI to enhance various eCommerce activities, including visual search, personalization, and automated product tagging. Syte aims to connect shoppers with products by providing a visual search experience that improves efficiencies, supports sustainability, and eliminates dead-ends. It displays visually similar and complementary product recommendations, aiming to inspire and convert shoppers of different types. It also features an automatic product tagging system that saves time, optimizes merchandising processes, and enhances the accuracy of product data. These solutions can be adapted to different market realities and can be scaled to meet the specific needs of various industry sectors, such as fashion, home decor, and jewelry. It caters to different business sizes, from growing businesses to large enterprises.
Style Arcade
stylearcade.com
For fashion and apparel brands who want to grow faster, Style Arcade is a retail analytics platform that turns merchandising into a competitive advantage.Instead of relying on inaccessible systems; manual processes; and unreliable projections – Style Arcade unlocks merchandise data and proactively guides retailers on how to realize their untapped revenue potential.
Vue.ai
vue.ai
Vue.ai is one of the world’s first general-purpose AI platforms that enables large enterprises around the world to build a wide range of AI-enabled applications across workflows and functions. Vue.ai delivers value unlike any other point solution bringing together image, video, and text data from across the enterprise, decoding them with its AI stack, enabling the intelligence to feed across the enterprise for data-driven decision-making. With a combination of ready-to-use APIs, no-code, and low-code tools, Vue.ai enables marketing, product, business, and technology teams to bring an order of magnitude impact to revenue growth, efficiency, and cost reduction. Vue.ai is currently deployed across several industries, including Retail, Finance, Insurance, Logistics, and Healthcare. Vue.ai is a Mad Street Den brand founded by Ashwini Asokan & Anand Chandrasekaran.
QL2 Software
ql2.com
QL2 Software, LLC has been a pioneer in the competitive data market, providing web data extraction and analysis to customers in many travel and retail industries. QL2 delivers true competitive advantage through on-demand data acquisition, price monitoring, assortment optimization, product matching, and actionable insights. Our comprehensive real-time analytics help clients make profitable decisions that outsmart their competition. Why choose QL2? • QL2 provide best solution for competitive pricing data, • It helps our clients to reduce the time and money it takes to make informed and profitable pricing and inventory decisions. • Collects and deliver the most relevant pricing and product data through real-time searches of your competitor’s websites – without ever interrupting the data sources. Our Approach QL2 provides the leading solution for competitive pricing data, helping our clients solve complex problems and make real-time decisions that impact ROI. Through our suite of proprietary solutions, we harvest, curate, and analyze the industry and competitor data our clients need to make agile decisions in complex markets. Please visit www.ql2.com for detailed information.
Peak
peak.ai
Peak is an AI company that provides the platform, applications and services to help businesses harness the potential of AI to grow revenues, increase profits and increase efficiency. Peak’s cloud AI platform provides a broad feature set that enables technical and commercial teams to build, deploy and manage AI applications at scale across an entire business. It also features a library of ready-to-go applications that fit a variety of use cases across sectors including CPG, Retail and Manufacturing. These applications allow users to rapidly apply AI to deliver on commercial objectives, while giving them the tools they need to extend their use of it over time.
Toolio
toolio.com
Toolio is a cloud-based Merchandising Platform that automates critical workflows, provides real-time insights, and enables remote collaboration. We empower retailers to save time and make faster, data-driven merchandising decisions that lead to inventory optimization, increased profitability, and revenue growth. The Toolio Merchandising Platform includes four core modules: Merchandise Planning, Assortment Planning, Item Planning and Allocation. These modules can be used separately, but are more powerful together and can be customized to your unique planning processes. -Merchandise Planning: Streamlines the creation and maintenance of sales forecasts and inventory plans by blending seasonal trends and real-time end-to-end data insights -Assortment Planning: Combines historical performance information, attribute analysis and visual line sheets to help retailers decide which products to produce and how much to sell through each channel -Item Planning: Helps retailers maintain optimal inventory levels to avoid stock-outs and improve cash flow through intelligent demand forecasting and automated replenishment management -Allocation: You’re in full control of inventory with smart insights to automatically assess replenishment needs and more Toolio is a global operation with headquarters in NYC and offices in Istanbul, built by an ex-Walmart team of second-time entrepreneurs and backed by top VCs and apparel industry executives.
MakerSights
makersights.com
MakerSights is the only assortment management workspace, empowering retail brands to take a consumer-obsessed approach to product strategy and enabling them to create more products that people love – and less of what they don’t. The MakerSights Workspace unites cross-functional teams, from design and product to merchandising and consumer insights to test ideas and in-development products with target consumers at scale. Leveraging interactive, purpose-built retail analytics and dashboards, teams are able to quickly analyze consumer data, instantly share insights with stakeholders, and make data-informed decisions that result in efficient, high-performing assortments.
SPS Commerce
spscommerce.com
SPS Commerce Analytics empowers you with a single source of sell-through data so you can make faster, better decisions for your business. Forecast, plan and execute with precision to increase sales, optimize inventory and develop strategic relationships with buyers. With SPS Analytics, you gain access to the most comprehensive sell-through data and a suite of analytics tools designed by retail industry experts. Our team will help you gain immediate value from your solution and maximize your investment as you grow.
First Insight
firstinsight.com
First Insight offers a next-gen decision platform that enables designers, merchants, brand managers, buyers, and marketing teams to answer the key questions they face every day by engaging consumers with digital surveys specifically designed for the retail industry. Retail leaders use First Insight’s digital testing platform (InsightSUITE) to enable growth by unlocking value from their target customers. Our solution collects zero-party, voice of customer data and combines it with AI to make financial goals a reality. Why First Insight? First Insight's digital engagement module lets you engage prospects, consumers, customers, and employees via a simple and immersive, browser-based user experience. This Voice of the Customer software gathers feedback via survey questions, sentiment ratings, valuations, and open comments. Enterprises can customize the engagement with their own branding, incentives, and links all within one integrated platform. Proven, Forward-Looking, & Efficient: InsightSUITE’s algorithms use human computational and Bayesian models to minimize the number of responses necessary for statistically valid results. This approach results in tests that are more accurate, less expensive, and faster than other research methods. Expert Account Support: First Insight Account Managers are retail experts. Our team members have the skills necessary to help you operationalize the InsightSUITE platform successfully and minimize time-to-value. Analyst Coverage/Endorsements: Listed as a Representative Vendor in 2022 Gartner® Market Guide for Retail Assortment Optimization Applications in Merchandising Included in Gartner’s 2021 Edition of "What Retail CIOs Need to Know About AI for Merchandising" Report Named a Representative Vendor in Gartner’s 2021 Market Guide for Unified Price, Promotion and Markdown Optimization Applications for fifth consecutive year Named a Major Player by IDC in MarketScape for Worldwide B2C Retail Price Optimization 2019
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